Alliance Select to seek Singapore listing

RheaSandique-Carlos

MANILA--Alliance Select Foods International Inc. (FOOD.PH), a Philippine-based tuna and salmon canner, said Tuesday it will seek a listing on the Singapore stock exchange by offering Singapore depositary shares.

The listing will allow Alliance to raise cash to fund growth, the company said in a filing to the Philippines bourse.

Its board has approved issuing up to 430.29 million shares which will constitute the shares to be placed with a depository bank, the company said.

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